They hope to extend The fragile commercial truce. A month after meeting in Geneva, the United States and China are starting a new series of negotiations on Monday in London. This meeting between the first two world economic powers is followed very closely by the markets, but analysts consider that it should be less fruitful than in Switzerland, when the two countries were agreed to considerably lower their respective customs duties for 90 days. “This meeting should be fine,” said the President of the United States on his Truth Social network.
Washington and Beijing refused to reveal the place of this second round of negotiations, as well as any indication of their course. The American delegation is made up of the Secretary of the Treasury, Scott Bessent, that of the Commerce, Howard Lunick, and the Representative of the White House for Trade (USTR), Jamieson Greer, said President Donald Trump on Friday. As for the Chinese delegation, it will be in Switzerland led by the Chinese Deputy Prime Minister, He Lifeng, according to Beijing.
“Very positive” conversation between Donald Trump and Xi Jinping
This meeting comes after a telephone exchange Thursday between the American and Chinese presidents, a conversation qualified as “very positive” by Donald Trump, while Xi Jinping asked his American counterpart to “straighten the trajectory of the great ship of Sino-American relations”, according to the Chinese press.
They also follow a sudden access to tension last week, Donald Trump having accused Beijing of not respecting the terms of the de -escalation agreement signed in Geneva. “We want China to apply its share of the agreement. And this is what our team intends to discuss, “in London, insisted on Sunday, the spokesperson for the White House, Karoline Leavitt, on Foxnews on Sunday.
The Rare Land Expeditions of Beijing, a source of discord between the two countries, should constitute a key issue in negotiations. These raw materials are crucial for a whole range of products, including electric vehicle batteries. According to Kathleen Brooks, research director for XTB, “the United States wants to be restored” the pace of the expeditions of these strategic metals, which has slowed down since the launch by Donald Trump of the trade war.
As for China, she would like “that the United States REnonsidated the immigration restrictions of studentsthe limitations of access to advanced technologies, in particular microprocessors, and facilitate access by Chinese technological suppliers to American consumers, “she adds. “The outcome of these discussions will be crucial. »»
A 90 -day agreement concluded in Switzerland
In Switzerland, Washington had agreed, after two days of negotiations, to reduce customs duties to Chinese products from 145 % to 30 %, in exchange for a similar movement per Beijing of 125 % to 10 % on American products, For a period of 90 days. This compromise allowed the two capitals to temporarily put an end to Customs rights climbing in early April by Donald Trumpwhich led to a strong slowdown in trade between the two giants. Chinese exports to the United States fell 12.7 % in May compared to April, according to official statistics published Monday, at $ 28.8 billion (25.2 billion euros) against 33 billion (29 billion euros).
While working on the standardization of its relations with Washington, the Chinese government has embarked on a series of discussions with its other trade partners to constitute a common front against the United States, starting with other Asian countries, Japan and South Korea in mind.
He also turned to Canada last Thursday, with whom bilateral ties have been tense for many years, with an appeal between Chinese Prime Minister Le Qiang and His Canadian counterpart Mark Carney. Beijing also proposed to the European Union a “green channel” to facilitate exports of rare earths to the block, while a summit between the EU and China is looming in July.
